There is a way to address this complex product in a simple way. The dread disease product in four key can be summarized : 1 . The event claims 2 . The definition 3 . The design 4. Sickness Incidence Pillar 1 : The event claims It refers broadly to the medical conditions covered by the product , such as heart attacks and cancer . Some products cover a long list of conditions that looked impressive while others have a shorter list, which makes the product appear less comprehensive. But it can be tricky and therefore we have to look at the other three pillars to see a more complete picture. Pillar 2 : The definition It becomes more complex to understand, because dread disease products does not cover every stage or grade of each disease condition. To keep the product more affordable a description is given of each claim event to describe the requirements to enable payments of the claim. Some definitions may be so severe that a claim will only be paid at a very late stage of the disease. Make sure to read and understand the fine print of your cover. Pillar 3 : Design In order to analyse the product properly one should pay close attention to the product’s design. How is the payment of claims structured ? A simple example is as follows : one product may only cover 50 % of a heart attack claim , where a another policy has 100 % coverage for the claim . in the event of...